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The Forth worth city will start bitcoin mining soon.
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[QUOTE="Jasz, post: 241625, member: 61772"] Sure! The city of Forth Worth is soon to launch an economic initiative that could bring in millions of dollars worth, within the next year. Bitcoin mining is a process by which computers use their processing power to solve complex math problems and create new Bitcoin as a reward. The general public can mine this cryptocurrency with their computers, but it requires immense amounts of processing power and energy, which is why only a handful of companies have been able to find success in the venture. Now, the city of Forth Worth is about to become one of these companies. "We've got an overabundance of energy," said Forth Worth Mayor Betsy Price. "It's really just a matter of using some of it to start mining Bitcoin." Cryptocurrency mining has been going on for years now, with California-based firm Bitmain Technologies currently dominating the market. However, with cities like Forth Worth jumping into the business and offering cheaper energy prices than anywhere else in the country, many believe Bitmain will lose its edge very quickly. "I won't be surprised if we see more cities doing this in coming months," said Jeff Garzik, CEO and co-founder of cryptocurrency company Bloq Inc., "and I think that will have a big impact on the industry." I strongly believe so. [/QUOTE]
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The Forth worth city will start bitcoin mining soon.
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